Edison Quarter Net Up 12%

July 20, 1985

Commonwealth Edison Co. reported a 12 percent gain in earnings for the second quarter, while first-half earnings rose 7 percent. Net income in the quarter was $189.7 million, or 85 cents a share, up from the year earlier period`s $138 million, or 81 cents a share, when fewer shares were

outstanding. Electric operating revenue advanced to $1.11 billion from $1.1 billion. First-half earnings rose to $385.9 million, or $1.77 a share, from $302 million, or $1.78 a share, on fewer shares outstanding. Electric operating revenues inched up to $2.31 billion from $2.3 billion. James J. O`Connor, chairman and president, said first-half earnings benefited from higher rates and larger construction-related credits. But those factors were offset, he said, by flat sales in kilowatt-hours, higher costs and a greater number of shares outstanding.